Mehmet Kerse

Mehmet Kerse works with CGAP’s policy team on digital financial services regulation and supervision. He has 13 years of experience in financial regulation and supervision and consumer protection. He began his career as a bank supervisor in the Banking Regulation and Supervision Agency of Turkey and previously worked on anti-money laundering and combatting the financing of terrorism projects for the World Bank. He is a Certified Fraud Examiner.

He has a Master’s degree in Public Administration from Harvard University’s Kennedy School of Government and a Bachelor’s degree in Economics from Bilkent University.

By Mehmet Kerse

CGAP has developed a typology to help policy makers and financial service providers evaluate the financial inclusion potential of a new range of collaborative approaches to customer due diligence to combat money laundering and terror financing.

This Technical Note looks in detail at safeguards such as maintaining customer funds in bank accounts and diversifying funds across several banks to reduce the concentration risk. It also discusses the option – offered in some countries – of placing funds in other safe, liquid assets.